This seems like an area rife for a scam, like hurricane insurance or earthquake insurance. You pocket the money, and when disaster strikes, who is going to sue you when you do nothing? If there was a real bunker-worthy event then all your insurees have been devoured by zombies or dissolved by radioactive strings or whatever.
On Polymarket, $60m has been wagered on "Will Jesus return before 2027"
https://polymarket.com/event/will-jesus-christ-return-before...
Yeah, but Jesus is gonna place a big bet on himself just before he returns.
I'll definitely put money on that one around December for a quick return. Thanks for the tip
Why wait till December? Aren't there higher returns the earlier you put money?
Is it profitable? Current price for No is $.96. Making 4% in 8 months is better than most sure bets but less than the stock market on average.
Stock market's historical average is actually just about 4%/year after inflation. So it does beat it (absent fees), but just barely.
Barely above a high yield savings account I guess.
Historically, savings accounts do much worse than the stock market. People are spoiled from the last decade and don't remember what corrections or bear periods look like. Over time you get 4% over inflation. That's it.
Is that how it works? I don't gamble sorry. But this one I will gamble on, heavily